Financials
(93)

This report contains data on the revenue of 32 security manufacturers, trend analysis of whether they are gaining or losing ground and commentary on each included.
The following chart previews the data in this report:
Revenue data can be used...

Avigilon had previously been known for big spending, hiring a large sales force and throwing lavish partner parties at tradeshows like ISC West. Now, the company says they are going to focus on profitability first.
In this report we analyze Avigi...

With acquisitions of Lorex, DVTel and ISD, adding to their core thermal offerings, FLIR has been building up its presence in the security / video surveillance market.
In this report, we examine FLIR's security revenue, their financial trends over...

Hikvision alleges that they receive no subsidies but their own financial records show $189 million of subsidies in 2015.
Hikvision 'overseas' has run a marketing campaign to counter critical coverage of their company. In a trade magazine intervie...

Despite Avigilon's stock price collapse, management turnover, decelerating growth and net losses, Avigilon CEO shows that he is optimistic as ever.
In this report, we examine Avigilon's CEO outlook and why the focus on top line revenue growth has...

Avigilon's stock went down 25% the day after it announced earnings.
The stock had already been down by more than 60% from its peak.
The market is very unhappy with Avigilon's performance, and it has to do squarely with Avigilon's quiet slashing ...

No money to be made in distribution?
The race to the bottom is destroying profits?
Well, not for Hikvision's largest European distributor, DVS.
In this report, we review their financials, contrasting them to Tri-Ed, Ingram and Norbain to show ...

Dahua's profits are up 100%+, defying common sense and industry trends.
We hired a China economics expert to investigate the source of those profits to better understand what is truly driving the world's second largest video surveillance manufact...

Hikvision has $1.5 billion, at least, to spend internationally.
Now, they have done their first Western acquisition, acquiring UK alarm manufacturer Pyronix.
In this note, we review Pyronix's financials, their market position and the potential i...

Pelco's 2007 acquisition for $1.5 billion USD remains one of the largest video surveillance deals ever, even including the industry's recent wave of buyouts.
But the deal, nearly a decade later, has not worked out well.
Now, Pelco has a new CEO ...

Just a year ago, Hikvision was an unstoppable force, growing at an astounding 60% rate.
Now, after a weak Q4 2015, Q1 2016 was even worse.
In this note, we examine Hikvision's financials, looking at what is driving this.

2015 was brutal for Avigilon.
Most of the management team was ousted or quit, culminated by the 'retirement' of their leader / COO. The stock price, sales growth and profits all declined.
But the end of 2015 provides hope for Avigilon. In this n...

Growth hit a record low, with sales expenses continuing to surge yet minimal increases in R&amp;D.
The first financials after the death of the Schmode era and 3 executive departures (including the SVP of sales and VP of marketing) shows declining...

Though ASIS is supposed to be dedicated to security professionals, their main customer base and revenue source ($10+ million) is manufacturers.
Manufacturers each pay tens to hundreds of thousands for booths plus around a million to sponsor vario...

Milestone's CEO just published a 205-page book titled 'Business Magnetism'.
Why? No idea. Would assume he had better things to do...
The first 150 pages are painful, with statements like:
"They realize the rarity of this opportunity, and feel t...

A number of Avigilon investors and analysts have asked us about the potential for Avigilon to be bought out / taken over.
Basically, with the stock price down so far (60%+ since the peak last year), the idea here is that Avigilon is now very 'che...

Another Avigilon executive is out. This time it is the head of sales.
Things are starting to get pretty bloody at Avigilon.
In this note, we examined what happened and what it means for the former fast rising manufacturer.

They are the star of nearly every Chinese spam email now.
Plus, they just picked up Samsung.
We interviewed Nextchip, the company behind AHD, who claimed huge growth and volume shipments, as well as explaining what their market strategy is. Insi...

Things keep getting worse for Axis and now sales are actually shrinking.
In this note, we break down:
How revenue and profits are sinking
Which regions and areas hurt the most
What the bright spot for Axis is
How Axis is in denial on degrad...

China is the #1 threat to video surveillance providers around the world but how well are Chinese and Taiwan surveillance manufacturers actually doing?
This report breaks down the financial performance of notable Chinese and Taiwanese video survei...

Before becoming a Canon subsidiary, Milestone made a big deal of releasing their annual financials.
Now, Milestone has stopped this.
However, IPVM has found Milestone's 2014 financials. Inside, we examine and explain critical details including:
...

Avigilon growth rate continues to slow down sharply yet the company's aggressive spending continues.
Because of that, the stock market is punishing Avigilon yet.
In this note, we break down Avigilon's financial results, look at the causes of Avi...

Hikvision admits their equipment got hacked in a large government deployment - stock down just 7.5%
Avigilon announces revenue up 42% - stock down 15%
If you are an Avigilon investor, you just cannot win over the last year.
In this note, we bre...

Canon has gone from nothing to arguably the most powerful video surveillance manufacturer in 8 months.
All they had to do was spend $3+ billion USD to get there.
Where is Canon coming from? How are they doing in their existing core businesses?
...

Want to own a 5+ year old online video surveillance store?
The owner of one contacted us, letting us know it was for sale. Thinking that members might find their business details interesting and perhaps someone might want to buy, we are sharing t...

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